Teva Partners with Asthma Foundation and NBA to Go Pro for Asthma Education, Prevention and Treatment.

Contest Winner to Attend NBA Draft 2007

NORTH WALES, Pa. -- Teva Specialty Pharmaceuticals - USA is partnering with the Asthma and Allergy Foundation of America (AAFA) and the National Basketball Association (NBA) on a public education campaign asking the more than 20 million asthma sufferers - Are You Ready To Go Pro?

AAFA is the leading national nonprofit patient advocacy organization for people with asthma and allergies. As part of the program, one lucky asthma patient will win the opportunity to meet an NBA player or legend at the 2007 NBA Draft in New York City.

"This program is extremely important to us because education about responsible asthma management is essential to the asthma community," said Mark Salyer, Executive Vice President and General Manager, Teva Specialty Pharmaceuticals - USA, the respiratory therapy unit of Teva Pharmaceuticals. "We are proud to be associated with AAFA and the NBA and we know this effort will have an impact on the lives of millions of people with asthma."

The "Are You Ready To Go Pro?" initiative offers asthma patients access to educational information to help take better care of their disease and improve their quality of life, while also emphasizing the importance of health and fitness.

"AAFA is thrilled that Teva Specialty Pharmaceuticals - USA teamed up with us in this effort. The time is right for education on asthma management because an astounding number of patients have uncontrolled asthma symptoms," said Bill McLin, Executive Director of AAFA. "Patients typically control their asthma with both daily "controller" medications and "rescue" medications, used for emergency relief."

AAFA's Web site, www.ReadyToGoPro.com, includes free information on asthma education, prevention and treatment. Individuals can register for the Go Pro contest in which the winner and a guest will attend the 2007 NBA Draft on June 28 at New York's Madison Square Garden. They will also spend time with an NBA player or legend. Contest rules and regulations are available at www.ReadyToGoPro.com.

About Teva Specialty Pharmaceuticals - USA

Teva Specialty Pharmaceuticals - USA was created following Teva's acquisition of IVAX Corporation. Teva Specialty Pharmaceuticals' primary focus is on respiratory therapy, which builds on the strong foundation provided by IVAX Laboratories' line of respiratory products, including the recently launched ProAir[R] HFA (albuterol sulfate) Inhalation Aerosol.

ProAir([R]) HFA is indicated in adults and children 12 years of age and older for the treatment or prevention of bronchospasm with reversible obstructive airway disease and for the prevention of exercise-induced bronchospasm.

Important Safety Information

If your symptoms become significantly worse when you use ProAir([R]) HFA, contact your doctor immediately. This may indicate either a worsening of your asthma or a reaction to the medication, which may rarely occur with the first use of a new canister of ProAir([R]). Either of these could be life-threatening.

What to tell your doctor before using ProAir([R]) HFA: If you have a heart, blood, or seizure disorder, high blood pressure, diabetes, or an overactive thyroid, be sure to tell your doctor. Also make sure your doctor knows all medications you are taking - especially heart medications and drugs that treat depression - because some medications may interfere with how well your asthma medications work. Do not exceed the recommended dose.

Side effects associated with ProAir([R]) HFA included headache, rapid heart beat, pain, dizziness, and irritation of the throat and nose.

See additional important information at www.proair.com and for hard copy releases, please see enclosed additional important information.

ProAir([R]) HFA is a registered trademark of Teva Specialty Pharmaceuticals LLC.

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Safe Harbor Statement under the U. S. Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements are based on management's current beliefs and expectations and involve a number of known and unknown risks and uncertainties that could cause Teva's future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to Teva`s ability to successfully develop and commercialize additional pharmaceutical products, the introduction of competing generic equivalents, the competition from brand-name companies that are under increased pressure to counter generic products, or competitors that seek to delay the introduction of generic product, Teva's ability to generate revenues and profits closely tied to our success in obtaining U.S. market exclusivity for generic products, the impact of consolidation of our distributors and customers, regulatory changes that may prevent Teva from utilizing exclusivity periods, potential liability for sales of generic products prior to a final resolution of outstanding patent litigation, including that relating to the generic versions of Allegra[R], Neurontin[R] and Wellbutrin XL[R] , the effects of competition on our innovative products, especially Copaxone[R] sales, the impact of pharmaceutical industry regulation and pending legislation that could affect the pharmaceutical industry, the difficulty of predicting U.S. Food and Drug Administration, European Medicines Agency and other regulatory authority approvals, the regulatory environment and changes in the health policies and structures of various countries, Teva's ability to successfully identify, consummate and integrate acquisitions, potential exposure to product liability claims which are not covered by insurance, dependence on effectiveness of our patents and other protections for innovative products, significant operations worldwide that may be adversely affected by terrorism, political or economical instability or major hostilities, the difficulty of complex manufacturing of our products and supply delays, environmental risks, fluctuations in currency, exchange and interest rates, operating results and other factors that are discussed in Teva's Annual Report on Form 20-F and its other filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.